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Semiconductor Firm Stathera Grabs $15M Series A

May 18, 2023over 2 years ago

Amount Raised

$15 Million

Round Type

series a

MontrealSemiconductorManufacturing

Investors

TxcSeiko EpsonMedia TekCelesta CapitalBdc Capital

Description

BDC Capital and Celesta Capital led the with round with participation from strategic investors including MediaTek, Seiko Epson, and TXC.

Company Information

Company

Stathera

Location

Montreal, Quebec, Canada

About

Stathera is a fabless semiconductor company focused on providing cutting-edge MEMS-based timing solutions. With offices in Montreal, Toronto, and Boston, the team is re-architecting the traditional quartz-based timing industry by introducing state-of-the-art DualMode™ frequency technology. This breakthrough innovation is redefining what is possible in timing applications and synchronization, and has the potential to transform the entire $9.8 Billion electronics timing industry.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech